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<br /> �tORI 2012/2013 Budget
<br /> Long Term Debt
<br /> Water & Sewer Revenue Refunding Bonds, Series 2009
<br /> First Call Date
<br /> Fiscal Year Principal Re uirements Total
<br /> Ending Outstanding Principal Interest Payment September 1,2019
<br /> 9/30/09 26,370,000 0 0 0
<br /> 9/30/10 26,370,000 0 1,331,610 1,331,610 Pledged Revenue
<br /> 9/30/11 26,370,00 0 1,268,200 1,268,200 The Series 2009 Bonds are limited
<br /> 9/30/12 24,760,000 1,610,000 1,268,200 2,878,200 obligations of the County, payable from
<br /> 9/30/13 23,085,000 1,675,000 1,203,800 2,878,800 and secured by a lien upon and pledge of
<br /> 9/30/14 21,340,000 1,745,000 1,136,800 2,881,800 the Net Revenues of the water and sewer
<br /> 9/30/15 19,525,000 1,815,000 1,067,000 2,882,000 system owned and operated by the
<br /> County. The Series 2009 Bonds will rank
<br /> 9/30/16 17,620,000 1,905,000 976,250 2,881,250 on parity with the $4,425,000 Water and
<br /> 9/30/17 15,620,000 2,000,000 881,000 2,881,000 Sewer Revenues Bonds, Series 1993A
<br /> 9/30/18 13,520,000 2,100,000 781,000 2,881,000 which are not being refunded as a part of
<br /> 9/30/19 11,315,000 2,205,000 676,000 2,881,000 the refunding program and the
<br /> $24,670,000 principal amount of the
<br /> 9/30/20 9,000,000 2,315,000 565,750 2,880,750 Water and Sewer Revenue Refunding
<br /> 9/30/21 6,570,000 2,430,000 450,000 2,880,000 Bonds, Series 2005.
<br /> 9/30/22 4,020,000 2,550,000 328,500 2,878,500
<br /> 9/30/23 1,340,000 2,680,000 201,000 2,881,000 Bond Insurer
<br /> 9/30/24 0 1,340,000 67,000 1,407,000 N/A
<br /> $26,370,000 $12,202,110 $38,572,110
<br /> Bond Ratings(at time of issuance)
<br /> Purpose
<br /> Standard&Poor's—"AA"
<br /> The series 2009 Bonds are being issued to(i) currently refund. Fitch—"AA+"
<br /> and redeem on September 13, 2009, $28,270,000 of the
<br /> County's outstanding Water and Sewer Revenue Bonds,
<br /> Series 1993A; (ii) make a deposit to the Reserve Account to
<br /> satisfy the Reserve Account Requirements applicable to the
<br /> Series 2009 Bonds; and (iii) to pay the costs of issuance of
<br /> the Series 2009 Bonds.
<br /> Average Interest Rate
<br /> Series 2009—3.68%(True Interest Cost)
<br /> Initial Principal Amount
<br /> Series 2009—$26,370,000
<br /> Term of Bonds
<br /> Series 2009— 15 Years
<br /> 341
<br /> 217
<br />
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